IT

Comment by Adam Salkin, a partner in one of Israel’s leading law firms, Herzog, Fox & Neeman

Innovative region: Israel

Analysis by James Mawson, founder, Global Corporate Venturing and co-author of Transformative Innovation (with Christine Gulbranson)

Bernstein Management and JBG Smith helped accommodation provider Placemakr raise $90m while crypto custodian Hex Trust netted $88m in a round co-led by Animoca Brands.

The blockchain technology developer received backing from SoftBank Vision Fund 2, Microsoft and UTA VC in a round more than doubling its valuation to $7bn.

Macnica and Singtel Innov8 are set to exit the cybersecurity technology provider in a $617m cash and stock purchase by SentinelOne.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Hanwha Systems was among the participants in the satellite communication technology developer’s latest round, having originally agreeing to invest $30m in late 2020.

MUFG Innovation Partners contributed to mobility financier Moove's $105m series A2 round while MS&AD and Nationwide helped insurance software developer Socotra raise $50m.

Legend Capital and Sunshine Insurance were among the investors in a $91.1m round for the text recognition software developer.

SAIC Motor’s Hengxu Capital helped allosteric drug developer Nutshell Therapeutics close a $40m round while cancer therapy developer Impact Therapeutics secured series D1 funding.